TechnipFMC profit dips but orders grow

Oilfield services provider TechnipFMC recorded a decrease in quarterly profit and revenues but saw an increase in orders. 

Total company revenue in 1Q 2019 was $2.9 billion compared to $3.1 billion in the corresponding quarter of 2018.

Net income dropped to $20.9 million in the first quarter 2019 from $95.1 million in the same period last year. This year’s results included after-tax charges and credits totaling $6.4 million of expense.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.